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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 30, 1997
Commission File No 0-15949 INTERNATIONAL
MICROCOMPUTER SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
CALIFORNIA 94-2862863
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) identification No.)
1895 EAST FRANCISCO BLVD., SAN RAFAEL, CA 94901
(Address of principal executive offices) (Zip code)
(415) 257-3000
(Registrant's telephone number including area code)
ITEM 2. Acquisition or Disposition of Assets.
On September 30, 1997, the Company acquired the rights to products in the CAD,
diagramming and consumer categories from Corel Corporation, in exchange for
shares of the Company's common stock and cash to the value of approximately $5.6
million, in addition to further royalties and development payments. The
transaction will be accounted for as a purchase, and it is expected that the
majority of the acquisition price will be expensed primarily as in process
research and development in the quarter ending September 30, 1997.
Under a separate arrangement, the Company plans to hire approximately 20 Corel
employees and will establish a development center in Ottawa, Canada.
The products acquired by the Company include CorelCAD(TM) Modeler, CorelCAD
Technical, CorelFLOW(TM), Corel(R) Click & Create(TM), Corel Lumiere(TM), Corel
Family Tree Suite(TM), Corel(R) Family Publisher(TM) and Corel Personal
Architect(TM).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DATE: October 14, 1997 INTERNATIONAL MICROCOMPUTER SOFTWARE, INC.
By: /s/ MARTIN SACKS
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Martin Sacks
Chief Executive Officer, President
(Principal Executive Officer)
By: /s/ Kenneth Fineman
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Kenneth Fineman
Vice President and Finance & Chief
Financial Officer
(Principal Financial Officer)
